ABC Nightly News tonight. "Allstate lays off 7% of it's workforce"
5 replies (most recent on top)
It is a matter of time before this company is done
Can't believe the BEO, b—s—ter Executive Officer, tried to spin this as a result of Covid shutdowns, fewer claims, and less need for claims people. This firing was planned well before Corona was released in China. 'Allstate is making too much money so fire 7% of the employees'. This from a man who stated 12 months ago that US companies needed to pay their employees more money. Instead of increasing salaries he cut the workforce bringing on almost 300 Million in losses for 3rd quarter 2020. Does he really expect ANYONE to believe that a US company made too much money and the solution is a 7% layoff? If he doesnt get a no confidence vote by the board the shareholder need to remove his lying butt
Thats why Falsetate is getting rid of so many people....so they can pay their salaries. Falsetate got rid of DPA trips. They no longer believe in merit increases or care about senority. Did these 2 fools take the assessment?
As Chair, President, and Chief Executive Officer at ALLSTATE CORP, Thomas J. Wilson made $16,261,139 in total compensation. Of this total $1,340,385 was received as a salary, $4,730,100 was received as a bonus, $4,030,005 was received in stock options, $6,045,035 was awarded as stock and $115,614 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.
As President, Allstate Personal Lines at ALLSTATE CORP, Glenn T. Shapiro made $4,613,043 in total compensation. Of this total $774,231 was received as a salary, $1,366,000 was received as a bonus, $974,999 was received in stock options, $1,462,532 was awarded as stock and $35,281 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.